2024
Annual
Report
Report
Building affordable housing & brighter futures since 1981
Dear Friends, Partners, and Community Members,As we reflect on 2024, I’m filled with pride and gratitude—for the work we’ve done, the challenges we’ve faced together, and the many lives touched through our mission. At Cabrillo Economic Development Corporation, 2024 was a year of connection, compassion, and deepened commitment to something we hold dear: bringing community home.
“Bringing Community Home” isn’t just a theme—it’s the purpose behind every decision we make and every door we help open. It’s a reflection of what we see every day—a single parent unlocking the door to a new beginning, a senior finding peace and safety in a home built with care, a child growing up with a sense of belonging. These moments remind us that housing is not just about buildings—it’s about people, and the lives that take shape within those walls. Over the past year, we have deepened our roots in the communities we serve, expanded access to affordable housing, and strengthened the supportive services that help individuals and families thrive.
Our team worked diligently to complete new housing developments, preserve existing properties, and advocate for equitable policies that address the growing housing crisis in our region. We also expanded our resident services programs, creating more pathways to education, economic advancement, and wellness. These accomplishments were made possible by the trust and support of our partners, funders, and most importantly, the residents who inspire us every day.
“Bringing Community Home” also means building neighborhoods where people feel seen, heard, and valued. It’s about creating spaces where culture is celebrated, voices are amplified, and everyone has a place to belong. That vision drives us forward as we look to 2025 and beyond.
To our staff, board members, partners, and supporters—thank you. Your dedication fuels our progress and your belief in our mission propels us to dream bigger. Thank you for standing with us, for lifting up our residents, and for helping us turn vision into reality.
Here’s to continuing the journey—together.
With gratitude and determination,
Victoria Brady
Chief Executive Officer
Cabrillo Economic Development Corporation
Mission
Cabrillo Economic Development Corporation develops and manages service-enriched, inclusive residential communities, ensuring access to affordable, secure, quality housing that creates the foundation for our residents to grow and thrive.
Vision
Cabrillo believes that every person has the right to decent, safe and affordable housing. As such, our values are grounded in the development of ownership and rental housing that provides the foundation for people to improve their lives.
We take great pride in delivering the highest standard of housing for those most lacking in opportunity. With public, private and community partners, we develop housing that positively impacts the community’s health, education, public safety, social services and economic development.
For more than 40 years, Cabrillo Economic Development Corporation (Cabrillo EDC) has been a leader in providing affordable housing and community development in Ventura and Santa Barbara Counties. Rooted in the belief that everyone deserves safe, affordable housing, Cabrillo EDC creates opportunities for individuals and families to thrive.
As a nonprofit affordable housing developer, Cabrillo EDC builds and manages ___ affordable rental units across 26 properties, ensuring quality housing for low-income families, farmworkers, seniors, and individuals with special needs. Through programs like homework clubs, financial literacy workshops, health and wellness initiatives, and food distributions, we empower residents with tools for long-term stability. In partnership with local governments, nonprofits, and private sector organizations, we advocate for policies that support housing access and economic opportunity.
With a dedicated team and strong community partnerships, Cabrillo EDC remains committed to providing not just housing, but also stability, dignity, and hope for those most in need.
(VENTURA COUNTY, Calif.,) – September 16, 2024 – Cabrillo Economic Development Corporation (CEDC), Ventura County’s leading affordable housing developer, today announced the upcoming retirement of its CEO, Margarita H. de Escontrias, effective January 2, 2025.
OXNARD — Even when her husband is at work, Blanca Quezada makes sure his plants are being nurtured. “He likes flowers very much, you can tell,” she said in Spanish. Quezada is married to a farmworker and, despite the long hours and grueling work, one of the biggest challenges her family faced years ago, was finding housing in Oxnard.
As the season of giving approaches, Cabrillo Economic Development Corporation (Cabrillo EDC) is proud to announce that this year’s Giving Tuesday efforts will center around the Rodney Fernandez Leadership Fund (RFLF) Scholarship Program, a program that has changed lives and opened doors for countless students within the community.
